Qatar Gas Transport Company Limited (Nakilat) (QPSC)'s (DSM:QGTS) Business Is Trailing The Market But Its Shares Aren't
Jun 12
Qatari (QE) Market Analysis & Valuation
UpdatedJun 15, 2024
DataAggregated Company Financials
Companies53
- 7D1.5%
- 3M-4.9%
- 1Y-8.6%
- YTD-9.6%
The market is up 1.5% over the last week, with the Financials sector leading the way, up 1.9%. In contrast, the market has seen a decline of 8.6% over the last 12 months. As for the next few years, earnings are expected to grow by 6.7% per annum.
Market Valuation and Performance
Has the Qatari Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 15 Jun 2024 | ر.ق561.4b | ر.ق188.6b | ر.ق46.3b | 12.9x | 12.1x | 3x |
| Mon, 13 May 2024 | ر.ق553.0b | ر.ق188.6b | ر.ق45.8b | 13.3x | 12.1x | 2.9x |
| Wed, 10 Apr 2024 | ر.ق576.2b | ر.ق186.6b | ر.ق45.9b | 13.7x | 12.6x | 3.1x |
| Fri, 08 Mar 2024 | ر.ق591.6b | ر.ق184.0b | ر.ق47.0b | 13.6x | 12.6x | 3.2x |
| Sun, 04 Feb 2024 | ر.ق586.0b | ر.ق187.1b | ر.ق46.1b | 13.9x | 12.7x | 3.1x |
| Tue, 02 Jan 2024 | ر.ق625.2b | ر.ق185.6b | ر.ق45.2b | 14.6x | 13.8x | 3.4x |
| Thu, 30 Nov 2023 | ر.ق585.9b | ر.ق185.6b | ر.ق45.2b | 14x | 13x | 3.2x |
| Sat, 28 Oct 2023 | ر.ق550.9b | ر.ق185.4b | ر.ق45.2b | 13.2x | 12.2x | 3x |
| Mon, 25 Sep 2023 | ر.ق605.7b | ر.ق183.6b | ر.ق45.2b | 14x | 13.4x | 3.3x |
| Wed, 23 Aug 2023 | ر.ق617.6b | ر.ق184.4b | ر.ق45.3b | 14.2x | 13.6x | 3.3x |
| Fri, 21 Jul 2023 | ر.ق617.5b | ر.ق187.9b | ر.ق47.0b | 14.8x | 13.1x | 3.3x |
| Sun, 18 Jun 2023 | ر.ق612.2b | ر.ق186.0b | ر.ق46.6b | 14.3x | 13.1x | 3.3x |
| Tue, 16 May 2023 | ر.ق616.7b | ر.ق185.3b | ر.ق47.0b | 14.1x | 13.1x | 3.3x |
| Thu, 13 Apr 2023 | ر.ق597.0b | ر.ق176.2b | ر.ق47.0b | 13.7x | 12.7x | 3.4x |
| Sat, 11 Mar 2023 | ر.ق618.5b | ر.ق184.7b | ر.ق47.2b | 14x | 13.1x | 3.3x |
| Mon, 06 Feb 2023 | ر.ق606.3b | ر.ق187.9b | ر.ق49.0b | 14.2x | 12.4x | 3.2x |
| Wed, 04 Jan 2023 | ر.ق620.0b | ر.ق183.0b | ر.ق48.0b | 14.4x | 12.9x | 3.4x |
| Fri, 02 Dec 2022 | ر.ق675.5b | ر.ق183.0b | ر.ق48.2b | 15.5x | 14x | 3.7x |
| Sun, 30 Oct 2022 | ر.ق686.9b | ر.ق182.2b | ر.ق48.4b | 15.3x | 14.2x | 3.8x |
| Tue, 27 Sep 2022 | ر.ق680.5b | ر.ق177.7b | ر.ق48.0b | 15.5x | 14.2x | 3.8x |
| Thu, 25 Aug 2022 | ر.ق760.9b | ر.ق177.7b | ر.ق48.0b | 17.7x | 15.9x | 4.3x |
| Sat, 23 Jul 2022 | ر.ق705.6b | ر.ق172.5b | ر.ق44.8b | 17x | 15.8x | 4.1x |
| Mon, 20 Jun 2022 | ر.ق706.1b | ر.ق172.1b | ر.ق44.7b | 17.2x | 15.8x | 4.1x |
| Wed, 18 May 2022 | ر.ق729.6b | ر.ق172.2b | ر.ق44.7b | 16.5x | 16.3x | 4.2x |
| Fri, 15 Apr 2022 | ر.ق792.7b | ر.ق167.2b | ر.ق42.2b | 18.7x | 18.8x | 4.7x |
| Sun, 13 Mar 2022 | ر.ق777.6b | ر.ق167.7b | ر.ق43.0b | 18.8x | 18.1x | 4.6x |
| Tue, 08 Feb 2022 | ر.ق735.0b | ر.ق159.6b | ر.ق38.9b | 19.1x | 18.9x | 4.6x |
| Thu, 06 Jan 2022 | ر.ق687.2b | ر.ق158.6b | ر.ق38.1b | 17.8x | 18x | 4.3x |
| Sat, 04 Dec 2021 | ر.ق678.0b | ر.ق156.0b | ر.ق37.9b | 19.1x | 17.9x | 4.3x |
| Mon, 01 Nov 2021 | ر.ق682.7b | ر.ق155.4b | ر.ق37.4b | 18.6x | 18.2x | 4.4x |
| Wed, 29 Sep 2021 | ر.ق656.4b | ر.ق151.7b | ر.ق34.8b | 19.7x | 18.9x | 4.3x |
| Fri, 27 Aug 2021 | ر.ق639.7b | ر.ق151.7b | ر.ق34.8b | 19.1x | 18.4x | 4.2x |
| Sat, 03 Jul 2021 | ر.ق622.6b | ر.ق151.7b | ر.ق34.8b | 18.7x | 17.9x | 4.1x |
Price to Earnings Ratio
17.9x
Current Market PE
- Investors are pessimistic on the Qatari market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 12.1x which is lower than its 3-year average PE of 14.9x.
Past Earnings Growth
- The earnings for Qatari listed companies have grown 10% per year over the last three years.
- Revenues for these companies have grown 7.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Qatari Market?
| QA Market | 1.53% | |
| Energy | 2.91% | |
| Telecom | 2.05% | |
| Consumer Staples | 1.97% | |
| Financials | 1.88% | |
| Industrials | 1.72% | |
| Materials | -0.26% | |
| Utilities | -0.60% | |
| Consumer Discretionary | -0.72% | |
| Real Estate | -0.90% | |
| Healthcare | -1.46% | |
| Tech | -2.17% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 31.6x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.7x.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 10% over the next 5 years.
- However this is lower than its past earnings growth rate of 22% per year.
- In contrast, the Materials industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| QNBK Qatar National Bank (Q.P.S.C.) | ر.ق14.18 | 3.7% +ر.ق4.7b | -12.5% | PB1.3x | Financials | |
| IQCD Industries Qatar Q.P.S.C | ر.ق12.18 | 2.1% +ر.ق1.5b | 4.3% | PE15.2x | Industrials | |
| QGTS Qatar Gas Transport Company Limited (Nakilat) (QPSC) | ر.ق4.53 | 5.4% +ر.ق1.3b | 12.5% | PE15.9x | Energy | |
| ORDS Ooredoo Q.P.S.C | ر.ق9.77 | 2.5% +ر.ق768.8m | -9.5% | PE10.5x | Telecom | |
| CBQK Commercial Bank (P.S.Q.C.) | ر.ق4.00 | 2.0% +ر.ق311.6m | -30.7% | PB0.6x | Financials |
